Wealth Management & Planning Before Retirement: Key Concepts

There comes a time in the life of any successful person where their financial priorities begin to change. They stop being so concerned with asset collection and growth and become more interested in wealth preservation. This is the time, usually a bit before retirement, when they start thinking seriously about how to maintain their lifestyle throughout their sunset years, and also about how their wealth will be passed on to their children or grandchildren.

This is one of the most critical times in a person’s finances and a point when the advice of a wealth management expert can be invaluable.  Financial planners can help talk you through planning for retirement and beyond while maximizing the assets which remain available to you.

Some of the key concepts they can help you with include:

Knowing Your Goals

What do you want your money to do for you? Are you planning to spend it enjoying your retirement, or looking to pass the majority on to those who follow?   Are you interested in charity or philanthropy? What are your dream goals for your retirement? A wealth management firm can talk you through your choices, and help you decide which of your goals are most important.

Lifestyle Investing

Lifestyle investing goes past dollars and cents. It’s about crafting financial moves, investments, and sales that are targeted towards creating and maintaining the lifestyle that you want to be living! Good financial planning is key to living your best life, during your retirement years.


You’ll want to take this time to invest in yourself as well. The right insurance products can help you remain healthy and happy for years to come while protecting your assets from disaster. This is a critical aspect of lifestyle investment and planning!

Risk Management

Investing in your retirement years is about protecting your wealth, at least as much as growing it. A good wealth management firm understands all the different investment options and the likelihood that they will provide good shelter for your funds. You want to avoid risky investments at all costs!

Estate Planning

Finally, you need a plan for handling your money once you are gone – what you want to happen, and how to ensure your assets are positioned to accomplish it. 

Get Wealth Management Today

If you’re in need of estate planning or pursuing your retirement lifestyle goals, Merit Financial Advisors may be able to help! Contact us for a consultation.

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. Investing includes risks, including fluctuating prices and loss of principal. No strategy assures success or protects against loss.